Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure
RBI/2013-14/448 DBOD.No.BP.BC. 85 /21.06.200/2013-14 January 15, 2014 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure Please refer to the draft guidelines on the captioned subject issued on July 2, 2013 and paragraph… Read More
Tags: Capital requirement, Derivatives, Exchange rate, FCE, Hedge (finance), India, Institute of Chartered Accountants of India, UFCE
Export Credit in Foreign Currency
RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as… Read More
Tags: Central bank, Commercial bank, Currency, Exchange rate, EXIM bank, Export, Export credit agency, Indian rupee
Rate of exchange of conversion of each of the foreign currency with effect from August 02, 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 81/2013-Customs (N.T.) DATED THE 1st August, 2013 10 Shravana, 1935(SAKA) S.O. 2329(E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of… Read More
Tags: Central Board of Excise & Customs, Controlled Substances Act, Currency, Exchange rate, Gazette of India, Government of India, Kuwaiti dinar, ministry of finance
Liquidity Adjustment Facility Standalone Primary Dealers
RBI/2013-14/153 FMD.MOAG. No. 83/01.01.001/2013-14 July 23, 2013 All Standalone Primary Dealers Dear Sir, Liquidity Adjustment Facility As you are aware, Reserve Bank of India announced additional measures today to address the exchange rate volatility. As a part of these measures, it has been decided that the total amount of funds available to a standalone Primary… Read More
Tags: Exchange rate, Friday, General manager, LAF, Liquidity Adjustment Facility, Primary dealer, Reserve Bank of India
RBI Announces Liquidity Adjustment Facility
Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More
Tags: Exchange rate, Foreign exchange market, Friday, Liquidity Adjustment Facility, rbi, Reserve Bank of India, Reserve requirement, Run batted in
RBI announces Additional measures to address Exchange Market Volatility
Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More
Tags: Exchange rate, Foreign exchange market, Friday, Liquidity Adjustment Facility, rbi, Reserve Bank of India, Reserve requirement, Run batted in
SEBI Circular on Revised Position Limits for Exchange Traded Currency Derivatives
CIRCULAR CIR/MRD/DP/ 22 /2013 July 08, 2013 To All Stock Exchanges. Dear Sir/Madam, Sub: Revised Position Limits for Exchange Traded Currency Derivatives 1. This is in partial modification of SEBI Circular No. SEBI/DNPD/Cir-38/2008 dated August 6, 2008, SEBI/DNPD/Cir-45/2009 dated March 24, 2009, CIR/DNPD/5/2010 dated July 30, 2010 and CIR/DNPD/2/2012 dated May 23, 2012 which, inter-alia,… Read More
Tags: Business, Currency Derivatives, Exchange rate, India, Securities & Exchange Board of India, Stock exchange, USD
Rate of exchange of conversion of each of the foreign currency with effect from June 21, 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION NO. 63/2013-CUSTOMS (N.T.) DATED THE 20th June, 2013 30 Jyaistha, 1935(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of… Read More
Tags: Central Board of Excise & Customs, Controlled Substances Act, Currency, Exchange rate, Gazette of India, Government of India, Kuwaiti dinar, ministry of finance
Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 59/2013-CUSTOMS (N.T.) dated the 6th June, 2013 published in the… Read More
Tags: Central Board of Excise & Customs, Controlled Substances Act, Currency, Exchange rate, Gazette of India, Government of India, India, ministry of finance
Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 59/2013-CUSTOMS (N.T.) dated the 6th June, 2013 published in the… Read More
Tags: Central Board of Excise & Customs, Controlled Substances Act, Currency, Exchange rate, Government of India, India, ministry of finance, Swiss Franc
Exchange Rates Relating to Imported and Export Goods Notified
In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 54/2013-CUSTOMS (N.T.) dated the 16th May, 2013 published in the… Read More
Tags: CBEC, Central Board of Excise & Customs, Controlled Substances Act, Currency, Exchange rate, Government of India, India, ministry of finance
CBEC Order – Issues related to transmission of trade data
INSTRUCTION F. No. 528/69/2012-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tariff Unit New Delhi the 21st May, 2013. To All Chief Commissioners of Customs / Customs (Prev.) All Chief Commissioners of Customs & Central Excise All Commissioners of Customs / Customs (Prev.) All Commissioners of Customs… Read More
Tags: Central Board of Customs & Excise, Exchange rate, Government, Government of India, India, May 2013, ministry of finance, New Delhi
CLR Urgent | Date for filing the ST-3 return, for the period from Oct. 12 to March, 13 has been extended
GST / Service Tax / Vat Date for filing the ST-3 return, for the period from Oct. 12 to March, 13 has been extended from 25th April, 2013 to 31st August, 2013. Order No. 03/2013-ST, [F.No.137/99/2011-Service Tax], dated 23-04-2013 In exercise of the powers conferred by sub-rule(4) of Rule 7 of the Service Tax Rules, 1994, the… Read More
Tags: April 2013, Central Board of Excise, Central Board of Excise & Customs, Controlled Substances Act, Exchange rate, Government of India, India, ministry of finance
Subscribe to the Daily Journal
India’s Leading Compliance Software
Corporate Law Referencer
